EUR/JPY – 30M – BUYThe pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 183.842 is certain.
Caution: A possible counter-trend in the direction of support at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair is likely to rise.
Furthermore a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.63 |
| 2nd High | 184.186 |
| Next High | 183.842 |
| Current Price | 183.82200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.842 – 184.186 – 184.63 – 183.48200 – 182.715 – 183.199 —
183.54600 – 183.71600 —
50.029152025546 – 57.221223553046 —
183.48200 – 1768825800 —
183.84200 – 1768815000
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –